My Biggest Mistakes in Real Estate Investing

I spent many years investing in real estate in south Minneapolis, buying run down–even condemned–duplexes and four-plexes. My husband at the time was the handyman, bringing these properties back to life along with a crew of subcontractors. We rented the updated and remodeled apartments through a government-subsidized housing program, Section 8. We chose this model of investing for several reasons.

How Much Money Is Needed To Invest in Real Estate?

Most people believe they need a large down payment to even start investing. IT’S NOT TRUE! It’s a big myth, and without any further information the majority of people stop right there. Does this sound familiar?  Is this you? The truth is there are a ton of ways to finance real estate deals. There are methods that are more sophisticated

Are You An Open Minded Investor?

One thing I notice about successful real estate investors is they have an open mind. That’s important because deals don’t always go as planned or turn out the way you expected. If you are stuck in your thinking or wanting to find deals that fit EXACT parameters, the process becomes much more difficult. These are the people who are the

In Real Estate Investing, you need to know your numbers. Do you know yours?

It is amazing that only 30% of Americans have a long-term financial plan that includes savings and investment goals. Aren’t you glad you are one of these people? Anyone who is investing in real estate has to know about the numbers. I’m talking about available cash, leverage, mortgage rates, and cash flow analysis, NOI, ROI and ARV, and so many

Be An Investor – Not A Landlord

What is the difference between an investor and a landlord? A Landlord owns rental property and has a tenant live in the property and pay rent. Many landlords are accidental – inherited the property, not able to sell, lazy, etc. Whereas, an Investor is someone who has a plan, is building on it and is a sophisticated business person. An investor has the foremost

How to Make Money In Real Estate

FINALLY…  The name of the sailboat I just spent a week aboard in the Virgin Islands. It takes teamwork and a smart captain to handle the ocean and its temperament. There were “rollers” (high waves) and definitely a sense of being off balance as the boat rocked to the side and I held on tight. Experience, a willingness to learn every day and

Key To Wealth? A Plan.

Knowing where you are going, then trusting your skills, connections and abilities to get there are the cornerstones of running a great business with confidence, and ultimately achieving wealth.  So what is the critical key?  You need a plan! First, where are you going?  It’s like planning a trip. You decide on the destination and then figure out how to

The Truth About Home Buying Expectations

Peaking emotions are common in the business of real estate.  After all,  buying a house is most likely the largest financial investment made in a persons’ lifetime. What you want and expect versus what you can afford don’t always line up. Investors want to get a great deal yet must beat the competition on offers and it’s the numbers that

New Route – Planning Is Achieving

  How is it that some people reach their goals and are always moving forward? You run into someone three months later and they have a new job, new car or lost 15 pounds. Just talking with them you feel the energy and can see the results of goals being met. Why does this happen for some and not for

Best 100 Days

SIGNUP NOW– only free for two weeks in Sept.  Sorry you missed it. What if…..you could finish 2016 as a better YOU? Maybe you want to lose that 10 pounds, go on a solo travel journey, make more money, get that big deal or better job, or just quit being so snippy with your kids. We all have something we